The Rupee opened weaker on Tuesday as fresh U.S. strikes in the Middle East dent optimism over an ?imminent peace deal with Iran, with traders also expecting month-end flows to ?weigh. Optimism over an ?end to hostilities in the Middle East, alongside dollar-selling interventions by the central ?bank, have helped steady the currency after it hit a record low of 96.96 ?last week. The recovery could face hurdles on Tuesday, though, due to elevated dollar demand from month-end ?importer payments and contract maturities in the non-deliverable forwards market, traders said. Indian banks have sought subsidised forex hedging costs from the Reserve Bank of India to raise overseas borrowings, Reuters reported earlier, as the central bank seeks to shore up dollar inflows into the economy. India raised prices of compressed natural gas on Tuesday, a day after ?state-owned fuel retailers increased ?prices for the fourth ?time in May. Following the increase in petrol and diesel prices, economists at Goldman Sachs have raised their consumer inflation forecast for fiscal year ?2026-27 by 10 bps to 5.2%. It expects the RBI to ?raise rates twice ?by 25 bps each in October and December. The dollar nursed losses on Tuesday ?on rising investor optimism of a deal being struck to reopen the crucial Strait of Hormuz and end ?the three-month-long Itan wat, although fresh U.S. attacks on Iranian targets weighed on sentiment. Despite low odds of an imminent deal, hopes of peace have pushed oil below $100 a barrel, eased pressure on emerging-market currencies, and boosted risk sentiment. The euro held onto its gains to ?trade at $1.16365 on Tuesday, while the Japanese yen fetched 158.95 per U.S. dollar. U.S. markets were closed on Monday for a ?holiday. Against a basket of currencies, the dollar was at 99.031. The Australian ?dollar , often ?viewed as a proxy for risk, was steady at $0.71665, hovering near a one-week high after rising 0.65% on Monday. The New Zealand dollar was at $0.58575, down 0.25% ahead of a policy decision from the country's central bank on Wednesday, where a Reuters poll shows 28 of 29 economists expect no change. Oil prices clawed back some of their losses at the start of trading on Tuesday on news of the fresh U.S. ?strikes on Iranian targets. Brent crude futures rose 1.5% to $97.76 per barrel after dropping 7% ?on Monday. Gold fell on Tuesday as fresh U.S. attacks in Iran pushed ?oil prices higher, fuelling concerns around inflation and higher-for-longer interest rates. Spot gold was down 0.7% at $4,537.54 per ounce, as of 0218 GMT. U.S. gold futures for June delivery gained 0.3% to $4,538.50.......